OR 340 Levys Taxes for 1985 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 340
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, LEVYING THE AD
VALOREM TAXES FOR THE YEAR 1985 AT A RATE OF $ . 56 PER ONE
HUNDRED DOLLARS ($100.00) ASSESSED VALUATION ON ALL TAXABLE PROPERTY
WITHIN THE CORPORATE LIMITS OF THE CITY AS OF JANUARY 1, 1985; TO PROVIDE
REVENUES FOR THE PAYMENT OF CURRENT EXPENSES AND TO PROVIDE AN
INTEREST AND SINKING FUND ON ALL OUTSTANDING DEBTS OF THE CITY; PROVIDING
FOR DUE AND DELINQUENT DATES TOGETHER WITH PENALTIES AND INTEREST; AND
DECLARING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS:
SECTION 1. That there be and is hereby levied for the year 1985 on all
taxable property, real, personal and mixed, situated within the limits of the City of
COPPELL, Texas, and not exempt by the Constitution of the State and valid State laws,
a tax of $ .56 on each One Hundred Dollars ($100.00) assessed value of taxable
property, and shall be apportioned and distributed as follows:
(a) For the purpose of defraying the current expenses of the municipal
government of the City, a tax of $ ·27 on each One Hundred Dollars ($100.00)
assessed value of all taxable property.
(b) For the purpose of creating a sinking fund to pay the interest and
principal on all outstanding bonds of tile City, not otherwise provided for, a tax of
$ , -72c/ on each One Hundred Dollars ($100.00) assessed value of all taxable property,
within the City which shall be applied to the payment of such interest and maturities of
all outstanding bonds.
SECTION 2. That all ad valorem taxes shah become due and payable on
October 1, 1985, and all ad valorera taxes for the year shall become delinquent after
January 31, 1986. There shall be no discount for payment of taxes prior to said January
31, 1986. A delinquent tax shall incur all penalty and interest authorized by law
(33.01 PTC), to wit: a penalty of six percent of the amount of the tax for the first
calendar month it is delinquent plus one percent for each additional month or portion of
a month the tax remains unpaid prior to July 1 of the year in which it becomes delinquent.
Provided, however, a tax delinquent on July 1 incurs a total penalty of
twelve percent of the amount of the delinquent tax without regard to the number of
months the tax has been delinquent. A delinquent tax shall also accrue interest at a
rate of one percent for each month or portion of a month the tax remains unpaid.
Taxes that remain delinquent on July 1, 1986, incur an additional penalty of fifteen
percent of the amount of taxes, penalty, and interest due; such additional penalty is
to defray costs of collection due to contract with the City's Attorney pursuant to
Section 6.30 of the Texas Property Code.
SECTION 3. Taxes are payable in Coppell, Texas, at the office of the Tax
Collector. The City shah have available all rights and remedies provided by law for
the enforcement of the collection of taxes levied under this ordinance.
SECTION 4. That the tax rolls, as presented to the City Council, together
with any supplement thereto, be, and the same are hereby approved.
SECTION 5. The fact that it is necessary that this ordinance be enacted
in order to authorize the collection of ad valorem taxes for the year 1985, this ordinance
shall take effect from and after its passage as the law in such cases provides.
DULY PA~SED and adopted by the City Council of the City of Coppell,
Texas, thisd'' day of . 955.
APPROVED:
ATTEST:
APPROVED AS TO FORM: ~T
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ATTORNEY